Marcy's Catering Had the Following Information in the Shareholders' Equity

question 205

Essay

Marcy's Catering had the following information in the shareholders' equity section of its balance sheet at January 1,2011.
During 2011,the following transactions occurred:
a.The corporation purchased 500 shares of treasury stock on June 15 for $5 per share.
b.The corporation reported $65,000 in net income.
c.A dividend of $0.50 per share was paid on November 15.
Required: Prepare the shareholders' equity section of the balance sheet at December 31,2011 for Marcy's Catering.

Identify the attributes of a sense of purpose and how it influences college success.

Understand the commonality and implications of changing majors in college.

Comprehend the central purposes of attending college for most students.

Know how to align personal strengths and interests with potential career paths.

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Definitions:

High Self-Esteem

A positive or favorable perception of oneself, characterized by confidence and feeling of worthiness.

Faced with Failure

The experience or state of not achieving desired goals or outcomes, leading to feelings of inadequacy, disappointment, and sometimes a reevaluation of goals or approaches.

Work Just as Hard

The principle of applying equal effort or diligence in completing tasks or achieving goals as one has done previously or as others do.

Self-Disclosure

The act of revealing personal information to others, which can play a key role in the development and maintenance of relationships.